Funds will help provide immediate relief,
support long-term recovery efforts in impacted communities
CHARLOTTE, N.C., Sept. 11,
2024 /PRNewswire/ -- In response to Hurricane
Francine's projected landfall along the U.S. Gulf Coast this
afternoon, Truist Foundation today announced it will donate
$250,000 to support relief and
recovery efforts in communities impacted by the storm. The funds
will be distributed to the American Red Cross and the Center for
Disaster Philanthropy's Atlantic Hurricane Season Recovery
Fund.
"As this year's record hurricane season continues to affect
communities across the country, Truist Foundation is committed to
caring for those in the path of these unexpected disasters," said
Lynette Bell, president of Truist
Foundation. "We are proud to put our purpose into action, leaning
in before the storm makes landfall, to ensure the impacted families
and communities have the resources they need for immediate relief
as well as long-term recovery and rebuilding support."
The selected organizations will use their grant funds to
identify and deliver the most critical immediate community needs
such as access to food, shelter and medical services. A portion of
the donation will be focused on medium- and long-term recovery
informed by disaster experts in partnership with those in the
affected communities. Restoration efforts may address needs such as
rebuilding homes, providing mental health, legal and disaster case
management services, and other urgent challenges identified as
recovery efforts progress.
Additionally, earlier this year, Truist Foundation donated
$1 million to the American Red Cross
Annual Disaster Giving Program, designed to deploy assistance
quickly to communities impacted by events such as Hurricane
Francine. Those funds help provide food, shelter, emotional
support, comfort kits and other immediate relief supplies to
thousands of families and individuals impacted by such
disasters.
About Truist Foundation
Truist Foundation is
committed to Truist Financial Corporation's
(NYSE: TFC) purpose to inspire and build better lives
and communities. The foundation, an endowed private foundation
established in 2020 whose operating budget is independent of
Truist Financial Corporation, makes strategic investments in
a wide variety of nonprofit organizations centered around two focus
areas: building career pathways to economic mobility and
strengthening small businesses to ensure all communities have an
equal opportunity to thrive. Embodying these focus areas are the
foundation's leading initiatives — the Inspire Awards and Where It
Starts. Learn more at
Truist.com/Foundation.
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SOURCE Truist Foundation